• 2015 2015 Annual Survey Senior Costs Study Methodology

    This is not the end of the story, however. More legislation will be needed to stop additional Medicare payment cuts that are scheduled in 2022. .Fortunately, H.R. 3 is not the only legislation in either house of Congress that could lower drug prices and accomplish the other things necessary to fix Medicare and Social Security. .Recently we heard from Barbara B. of Indiana who was affected in a similar way last year, but who will finally catch up in 201Barbara's net Social Security benefit, after deduction for Part B premium, has remained exactly the same for the past three years. She hasn't seen an increase in her benefits since 2015, despite a 2% cost-of-living adjustment (COLA) in 2018. … Continued

  • H R 1030 Consumer Price Index For Elderly Consumers Act

    The Social Security Subcommittee of the House Committee on Ways and Means held a hearing to discuss the problems facing seniors and the vital roll Social Security plays in the well-being of America's seniors. .The fundamental fact is that two-thirds of Americans over the age of 65 depend on an average annual Social Security benefit of ,400 for at least half of their income. Yet little consideration has been given so far to the fact that earned income in excess of 3,700 is entirely exempt for the 6.2 percent payroll tax that funds Social Security benefits. TSCL believes that by raising the maximum wage ceiling Congress could significantly reduce the financial crisis facing the system, without causing financial hardship. .Your Survey Responses are Helping to Change Attitudes About Social Security … Continued

Three Ways Congress Can Pay For Notch Reform .Every other developed country has evolved schemes to set or negotiate prices, while balancing cost, efficacy and social good. The United States instead has let business calculations drive drug price tags, forcing us to accept and absorb ever higher costs. That feels particularly galling for treatments and vaccines against COVID-19, whose development and production is being subsidized and incentivized with billions in federal investment. .SSA Reports Massive DI Overpayments .2 weeks after their second dose in a 2-dose series, like the Pfizer or Moderna vaccines, or .(Washington, DC) – Older Americans are not to blame for an exploding federal budget deficit warns The Senior Citizens League. "Congress can't cut taxes by an estimated .7 trillion and then turn around and blame rising deficits on ‘entitlements' and aging," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League. .Proponents of the measure, which include some Democrats, say that addressing the projected shortfalls now would prevent draconian cuts or tax hikes later. The legislation would create congressional panels mandated to draft bipartisan legislation that restores solvency of the trust funds, and the bills would receive fast-track consideration in each chamber. .The Senior Citizens League agrees with Chairman Johnson's remarks at Thursday's hearing, and we hope that Congress will address the shortfall as soon as possible so that any negative impacts on current or future retirees can be averted. In the months ahead, we will continue to advocate for solutions that strengthen the Social Security program responsibly – without cutting benefits – and we will post updates on Twitter, and here in the Legislative News section of our website. .We reported last week that President Trump has dropped his demand for a payroll tax cut in any new pandemic-related stimulus bill, which TSCL successfully lobbied against, along with many other groups. However, other issues have caused great difficulty in negotiations for a new bill, one of which has not received much attention in the main press. .There are three factors that affect your final benefit amount: